Post Election Interest Rates Increase

Trump Thump: Mortgage Rates Jump 0.500% Post Election

Written by Clay S on . Posted in FHA, Freddie Mac, Homebuyers, Presidential Election, Rate Updates, reverse mortgage

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“Trump Thump” – Mortgage Rates Jump 0.500% or More Post Election

The election is now over and the dust has settled. As painful as it might be to accept, a trend described by others as the “Trump Thump” means we may now have to get used to 30-year fixed conforming loan rates at or above 4.0%.    


Prior to the election, pundits had clearly agreed on the idea that the markets “built in” the prospect of a Clinton victory, and – in the unlikely event that Trump won – this surprise victory would mean an improvement in the bond market because of the uncertainty Trump would bring to the table. Well, so much for that idea. 


Economic experts maintain that Trump’s economic policies will boost spending and business, as well as bring inflation (all of which leads to lower bond prices and higher mortgage rates). Interesting to me how quickly everything turned in the direction. Was there not enough time spent analyzing the impact of a Trump victory? Did this catch the markets unprepared?  


Trump Election, Mortgage Interest Rates

Post Election Results on Mortgage Rates

According to a recent article by Money writer, Taylor Tepper, markets indicate there’s a 75% chance that the Fed raises short-term rates modestly when policy makers meet in mid-December. Here’s a more in-depth analysis on what President-elect Trump means for interest rates in Tepper’s article:  President Trump Interest Rates Federal Reserve.

CNBC’s Diana Olick weighs in on the mortgage rate crisis: watch video.

10-year treasury yields have also spiked in the days since Trump’s election, and something to keep in mind with that is: Don’t panic. This sudden rise isn’t likely to continue, at least, not because of the Trump presidency.

“Rates tend to move very sharply in short periods of time and very little in prolonged periods of time,” said Greg McBride, chief financial analyst for Bankrate. “It’s not something that I think continues.”

So, my advice to those who are anxious about mortgage rates, know that this is a cycle… and as far as rates are concerned, nothing is on the horizon that would suggest waiting for an improvement in rates. Either way, expect volatility and a continuing upward trend in rates.

Clay Selland CPA, President and CEO

Clay SellandClay founded Signet Mortgage Corporation in 2002. Clay holds a real estate broker’s license and is a Certified Public Accountant (California). Clay began his financial career as a CPA with Arthur Andersen, and he has held senior finance and strategy roles with Longs Drug Stores, Cost Plus: World Market, and several other start-up retailers.

Clay has three kids - is a Bay Area native and has lived in Alamo, CA for over 25 years. Clay and his wife are in the transition stage of having his kids go to college and get married, so the focus seems to be shifting to their border collies! Clay can often be found hiking, playing softball or on the golf course.

Clay Selland (NMLS#183492) is licensed in CA, OR, WA, UT and ID. He can be contacted at (925) 807-1500, Ext. 303, or at

Dave Woodland, Northwest Regional Manager

Dave is our Northwest Regional Manager located in the beautiful “City of Trees”, Boise, Idaho.

He and his wife Satu first left the Bay Area in 2006 and relocated to the Northwest resort town of Bend, Oregon. Prior to that, Dave worked as a CPA and financial executive in Silicon Valley with two semiconductor companies as well as 10 years in public accounting with one of the largest international CPA firms.

In 2014, Dave and Satu relocated to Boise, Idaho where they live and work near the Boise River Greenbelt. (We know they really just wanted to be near grandsons Jonah and Andy.) Our Signet Mortgage Boise Regional Office is now open in the Bown Crossing business area, conveniently located near Powell’s Sweet Shoppe.

Dave notes, "my financial services business background allows me to help people make dreams become reality". Dave has a significant number of relationships with investors, a variety of lenders, commercial and residential brokers and attorneys that help serve his clients' needs in order to get deals done.

When not financing deals, Dave can be found with his wife – walking or biking the Greenbelt, kayaking the Boise River, camping, skiing, or golfing. Come over to the house and they'll challenge you to a game of bocce ball!

Dave Woodland (NMLS#283206) is licensed in CA, OR, WA, UT and IDAHO. He can be contacted at (208) 409-2288 or (877) 877-8420, Ext. 307, or at

Mark Malin, Mortgage Loan Advisor

Mark is a Mortgage Loan Advisor for Signet Mortgage. Mark’s business background is in both the food and construction material industries. He owned his own wholesale food business for nearly 30 years and then worked in sales in the construction material supply business for eight years.
In these two endeavors he learned the value of customer service and establishing personal relationships with all those he deals with. Mark comments, “I now have the opportunity with Signet to take this knowledge and my educational background in finance to provide my clients with a pleasant learning experience when they pursue real estate financing”.

Mark and his wife Cali have been married for 36 years and have four married daughters. They spend most of their spare time trying to stay up with their eleven grandchildren who all live in the local area.

Mark Malin (NMLS#284319) can be contacted at (925) 807-1500, Ext. 304.

Tom MacDonald, Reverse Mortgage Consultant

Tom MacDonaldTom brings more than 20 years of financial industry experience including 10 plus years educating senior clients on how a reverse mortgage might be incorporated in their financial plan.

Tom is an expert at helping his clients find the right solution that exactly meets their needs.

Tom grew up on the Monterey Peninsula, receiving his undergraduate degree from the University of Washington and his MBA from Golden Gate University. He and his wife make their home in Napa Valley.

“I absolutely love what I do! I am fortunate to be able to work at something I love to do. I have the patience and understanding to help guide everyone involved through the loan process.

Toll Free 1-800-801-5727, Office Phone 1-707-265-6385, Fax 1-707-812-1971

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